Non-Executive chairman A M Naik will step down after the company’s 28th annual general meeting. S N Subrahmanyan, currently serving as the non-executive vice-chairman, is set to succeed him.
Larsen & Toubro is currently hogging the headlines after controversial comments made by its Chairman, SN Subrahmanyan, who advocated a 90-hour work week in India.
In its annual report, the infra giant revealed large pay hikes to its top management, including CEO and MD SN Subrahmanyan ... the current group chairman AM Naik ’s salary barely changed ...
It's not right to generalize this extreme version of “work is worship” as the hangover of a previous generation, though values, to some extent, indeed mirror the circumstances of the times.